Last checked at 18 Feb 2015 07:00
Rio Tinto share repurchase programme
18 February 2015
As announced on 12 February 2015, Rio Tinto is conducting a US$2 billion share buy-back programme, of which c$1.6 billion is expected to be completed through the on-market purchase of Rio Tinto plc shares.
The overall programme is expected to be fully executed by 31 December 2015.
Any Rio Tinto plc shares that Rio Tinto buys back between 18 February 2015 and 15 April 2015 (the day before the Rio Tinto plc Annual General Meeting) will be handled by an independent third party. This party will make its trading decisions in relation to Rio Tinto's securities independently of, and uninfluenced by, Rio Tinto. Any shares so purchased will be cancelled. This buy-back programme may be suspended at any time.
Any purchases of shares will be effected within certain pre-set parameters, and in accordance with both Rio Tinto's general authority to repurchase shares given in general meeting and Chapter 12 of the UK Listing Authority's Listing Rules which requires that the maximum price paid be limited to no more than 5 per cent above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase.
Rio Tinto confirms that it currently has no unpublished price sensitive information.
Contacts
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www.riotinto.com
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Media Relations, EMEA/AmericasIlltud Harri T +44 20 7781 1152 M +44 7920 503 600
David Outhwaite T +44 20 7781 1623 M +44 7787 597 493
David Luff T + 44 20 7781 1177M + 44 7780 226 422
Investor Relations, EMEA/AmericasJohn Smelt T +44 20 7781 1654 M +44 7879 642 675
David Ovington T +44 20 7781 2051 M +44 7920 010 978
Grant Donald T +44 20 7781 1262 M +44 7920 587 805 | Media Relations, Australia/AsiaBen Mitchell T +61 3 9283 3620 M +61 419 850 212
Bruce Tobin T +61 3 9283 3612 M +61 419 103 454
Matthew Klar T +61 7 3625 4244 M +61 457 525 578
Investor Relations, Australia/AsiaRachel Storrs T +61 3 9283 3628 M +61 417 401 018
Galina Rogova T +852 2839 9208 M +852 6978 3011
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Rio Tinto plc2 Eastbourne Terrace London W2 6LG United Kingdom
T +44 20 7781 2000Registered in England No. 719885 | Rio Tinto Limited120 Collins Street Melbourne 3000 Australia
T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 |